25 February 2020

Harbin Bank embarks on HK IPO roadshow, paper says

Harbin Bank has begun conducting presentations for its planned US$1 billion initial public offering in Hong Kong after getting the go-ahead from Hong Kong’s securities regulator Tuesday, Beijing Business Today reported Friday, citing an unnamed person with knowledge of the matter. The bank is expected to begin inviting bids for its shares as soon as next week and list by the end of the month, according to the source. The bank, which is 29.33 percent state-owned, declined to comment, the report said.

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